Beijing [China], Mar. 25 (ANI): Beijing has said the China-Pakistan Economic Corridor (CPEC) is a new cooperation framework set up to pursue long-term development of the region.

"The CPEC is a new cooperation framework set up by China and Pakistan to pursue long-term development. It is also an important project of the Belt and Road Initiative," said Chinese Foreign Ministry spokesperson Hua Chunying.

She said it is important not only in promoting common development for China and Pakistan, but also in promoting regional connectivity and common development and prosperity of regional countries.

"In advancing the CPEC, China and Pakistan adhere to the principle of extensive consultation, joint contribution and shared benefits," she said.

Hua said China will work with Pakistan to move forward the CPEC so as to benefit the people of both countries.

"The dividends and benefits brought by the CPEC will be shared by people in China and Pakistan and in the region," she said. (ANI)